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Caught a Bad Case

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Though it doesn't track condo or co-op sales, the Case-Shiller Index is still closely watched, and the new one was released today: "Home prices across the United States declined 16.6 percent in the third quarter from the July-to-September period a year ago, according to the Case-Shiller Home Price Index, a widely watched gauge released Tuesday by Standard & Poor’s...Los Angeles, Miami, San Diego and San Francisco all had annual declines of more than 26 percent. Prices in New York have fallen 7.3 percent since September 2007." [NYT]